The post SOL Technical Analysis Mar 17 appeared on BitcoinEthereumNews.com.

SOL is experiencing sideways consolidation in the $86.66-$98.53 range; BOS above $98.53 confirms bullish structure, risk of bearish reversal with CHoCH below $86.66. Market Structure Overview SOL’s current market structure is moving sideways without a clear trend direction. The price is stabilizing at $93.88, with a slight 0.50% increase observed in the last 24 hours, and the intraday range was $92.37-$97.68. Positioning above the short-term EMA20 ($88.46) provides a structurally bullish short-term bias, but the Supertrend’s bearish signal and $111.23 resistance are limiting upward movements. In the multi-timeframe (MTF) structure, a total of 13 strong levels were identified across 1D, 3D, and 1W timeframes: 2 supports/3 resistances on 1D, 1 support/2 resistances on 3D, and 2 supports/3 resistances on 1W. This indicates a balanced but resistance-heavy overall structure. RSI at 58.48 is in the neutral-bullish zone, and MACD’s positive histogram provides a mildly bullish momentum signal. From a market structure analysis perspective, consolidation dominates without clear higher highs/higher lows (HH/HL) or lower highs/lower lows (LH/LL) patterns; this creates an environment where range trading is prominent. Structural integrity remains valid as long as the last swing low at $86.6638 is held. Trend Analysis: Uptrend or Downtrend? Uptrend Signals Formation of HH/HL structure is critical for a potential uptrend. In the recent period, holding above the $91.1050 swing low showed higher low (HL) potential, with price jumping up without testing EMA20. Breaking above the $98.5318 swing high (score: 88/100) could trigger a bullish BOS with a new higher high (HH), signaling trend continuation toward $117.7063. MACD’s bullish histogram and RSI’s neutral-bullish reading at 58.48 support momentum shifting upward. Holding above EMA20 in the short-term structure strengthens the HL pattern; this could initiate a sequence of consecutive HH/HL, the classic uptrend definition. However, breaking $94.7091 resistance (score: 70/100) should be monitored as a…

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Filed under: News - @ March 17, 2026 10:29 am